American arrested in Bangkok for alleged 3 million baht fraud

Bangkok police arrested an American nationwide in Klong Toey district of Bangkok yesterday (reported as Nana in some media). The man arrested allegedly lured traders into fraudulent contracts. Thailand’s Economic Crime Suppression Division says the victims lost over 3 million baht altogether.
The man allegedly provided victims choices in power and precious metals as properly as futures contracts via 60 offices around the globe. He allegedly claimed to be an investment fund manager working at the Securities and Exchange Commission.
When the traders contacted him, he claimed the company’s computer had been hacked and the money from the funding choices had been stolen. He then reduce off all contact with the buyers. The police spokesperson did not say when the victims first filed complaints with the Securities and Exchange Commission, but it is believed they did in 2014 or earlier. The man could now be fined up to 300,000 baht, imprisoned as much as 3 years, or both, if he is discovered guilty, according to the SEC.
The man’s title has been printed as Matthew Christensen. He is 37 years previous. Christensen allegedly promised the buyers low dangers, with a exhausting and fast 5% return on their cash.
Insane had tracked Christensen’s location and located him on Koh Samui in Surat Thani, after which arrested him when he returned to Bangkok. Bangkok law enforcement officials from the ECD reportedly arrested Christensen at a resort within the Nana area of Klong Toey district. The South Bangkok Criminal Court issued an arrest warrant for Christensen in November final yr.
SOURCE: Chiang Rai Times

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